2019 MKD to HNL Historical Review

YEARLY HIGH

0.4608 HNL

YEARLY LOW

0.2670 HNL

YEARLY AVERAGE

0.4467 HNL

2019 MKD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 11, valuing the pair at 0.4608. Conversely, the yearly low was recorded on December 9, dropping to 0.2670.

This high-to-low spread represents a total annual volatility of 0.1937 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4527 to the December average rate of 0.4408, the exchange rate registered a net change of -2.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.4608 was down 4.01% compared to the 2018 peak of 0.4800, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MKD based on timing:

Yearly Peak High 2,304 HNL

2018 Average 2,293 HNL

Yearly Trough Low 1,335 HNL

Transaction Impact: A difference of 968.73 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.4542

0.4395

JanuMarcMayJulySeptNove

MKD to HNL Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.4496, compared to 0.4439 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.4496

H2 Avg (Jul–Dec) 0.4439

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 0.1830 HNL (High: 0.4500 / Low: 0.2670). On the other end, September was the most stable month, with a tight range of 0.0066 HNL (High: 0.4434 / Low: 0.4368).

December Spread (Volatile) ±0.1830

September Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0058 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2019: 0.4530) against the same month in 2018 (average: 0.4556), the exchange rate shifted by -0.0026 (-0.57%).

2019 Avg (June) 0.4530

2018 Avg (June) 0.4556

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4556	0.4481	0.4527
February	0.4559	0.4460	0.4514
March	0.4544	0.4459	0.4505
April	0.4513	0.4427	0.4477
May	0.4488	0.4275	0.4425
June	0.4608	0.4421	0.4530
July	0.4549	0.4437	0.4503
August	0.4494	0.4409	0.4445
September	0.4434	0.4368	0.4407
October	0.4486	0.4362	0.4437
November	0.4475	0.4400	0.4433
December	0.4500	0.2670	0.4408